I think it's increasing and not decreasing. It's just not very fast. There is a lot more work to do.

Steem is not just steemit.

Projects like Splinterlands are doing really well and keep going up in market cap and amount of players (around 2500-3000 now). It's the best on-chain investment I made. It generates DEC (in-game currency) tokens for me every day and my card collection value has gone through the roof.

Steemhunt is doing cool things and has recently launched https://review.hunt.town/.

3speak is making nice strides onboarding new and more well-known content creators.

Dporn.co (Another decent on-chain investment I made) is slowly growing as a community on Steem for Adult Content.

I talk a lot about Steem, it drives some ppl mad I guess. Can't help it, love this place and the potential it has but I do know I will have to stop at some point :)